INPEA Webinar Series Provided in partnership with INPEA, DAST Consulting and CISCO Finding the Money: Grant Resources, Financing, and Certified Refurbished Gear May 19, 3-4 p.m. CT / 4-5 p.m. ET E-Rate Program Update May 2014 ConnectED is driving E-Rate reform © 2013-2014 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 3 3 E-Rate Trends: Growth in Telecom/Internet demand… …vanishing Equipment/Maintenance funding © 2013-2014 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 4 Primary Elements of Reform Amount of funding (i.e. size of the cap) Making existing funding process more equitable for smaller/rural/non-poverty school systems Eligible Services List o How should the FCC focus funds on high capacity broadband deployment? Deliver minimum 100mbps WAN/Internet TO every school Provide ubiquitous wireless broadband IN every school to teacher/student devices o Should the FCC phase down/out support for traditional voice services? Timeframe? Priorities? Lower Discounts? Administration of the program o Streamline Process o Cost Effectiveness © 2013-2014 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 5 E-Rate Modernization – What Could It Mean For Smaller/Rural/Independent K-12? No one knows with certainty the impact of new rules, but… FCC Order expected prior to start of 2014-15 school year; new E-Rate program rules effective 7/1/2015. • “Additional” $2 billion may help bridge gap in 2014 or held back to jumpstart 2015/2016 • More focused Eligible Services most relevant to digital learning: o Renewed availability of funding for internal connections across full discount matrix o Restricted/phased out funding for voice services and ancillary telecom services and equipment • Sensitivity to needs of small/rural school systems • Simpler filing process, more liberal program regulations designed to ease burden on applicants © 2013-2014 Cisco and/or its affiliates. All rights reserved. 6 Cisco Confidential 6 Grant Strategy with Cisco Jen Messinger National Commercial Grant Manager ‘GRANTS’ MODEL Generate Conversations Relevance of Technology Awareness of Work with the Cisco Grants Strategy Team (GST) to explore grants based on existing programmatic needs Conversations of GST assist in breaking down grant solicitation, offers programmatic ideas & ensures proposal is aligned with scope of grant Who needs to be involved in your project and at the table? What partners need to be included? Establish your “grants” team. the relevance of technology to your project and how technology assist in serving more students/teachers and may offer increased services Project/Programs Notify Key Stakeholders Transition to Writing the Application Submission & You’ve identified the grant you want to pursue, confirmed project aligns to grant priorities, have included technology for a more innovative project and have gathered key stakeholders. It is time to start writing! Application is submitted but grants team continues to meet and discuss the plan for implementation of grant program. Implementation © 2013-2014 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 8 Customer Resources Monthly customer webinars http://www.publicsectorevent.com/calendar.cfm https://grantsofficeevents.webex.com/ Funding reports Grant Calendar Direct customer support (prequalification to project implementation) Customer training Cisco Capital- Blended opportunity to Finance Match Contribution for Grants © 2013-2014 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 9 Jen Messinger Cisco Grants Strategy Team 919.927.1400 E-mail: jennifer.messinger@cisco.com Cisco Capital Overview Indiana Private Education May 19, 2014 Jim Pantazi Financial Solutions Manager Cisco Capital (636) 735-2561 Cisco Capital • A captive finance source – • Customers get to leverage Cisco financial strength – – – • Over $40B in cash. Cisco Capital is not subject to market swings like banks and third party’s. We use the strength of Cisco’s balance sheet to offer financing solutions. Flexible – – – – – • Wholly owned subsidiary of Cisco Systems, Inc. No interim rent Like for like returns Ability to early terminate and upgrade Can include non-Cisco assets Different objectives than a third party lessor Strategy – Enable Cisco customers to economically acquire, deploy and protect their technology investment with a flexible financial framework. Equipment & Financial Life Cycle Management Acquire Disposal Deploy Upgrade/ Refresh Maintain Benefits of Financing for IT Decision Makers Renew technology to match business requirements Ability to satisfy your needs now Remove budgetary constraints Flexible payment terms e.g. deferred Maximize available budget Additional projects can be considered Protect against technology obsolescence “Refresh” solution with minimal business impact Usage without the risks of ownership Protection from depreciating IT investments Financing provides IT with flexibility and peace of mind Benefits of Financing for Finance Decision Makers Effective cost / benefit management Avoids significant IT investment spikes Budget stability / planning Costs fixed for contract duration Conserve budgets and preservation of cash Saves / enables alternative use of budget or liquid assets Key financial performance indicators improved Such as return on assets Potential tax advantages Finance revenue costs can reduce tax burden Standard Finance Products FMV and $1 Buyout OPEX (FMV) • Purchase option is at fair market value • Lowest payment – may qualify as an operating lease • Convenient for tech refresh • Available for terms of 2-5 years CAPEX ($1 BO) • Purchase option is for $1 • Low payment, locked in purchase price • Passes depreciation benefit to customer • Available for terms of 2-5 years FREE Financing on UC Projects FY14 Customer Offers – Cisco Capital Expiration Offer Description 3 Month Deferral Financing Turn a large upfront investment into predictable payments while also offering 3 months free from payments and interest. July 26, 2014 Cisco Collaboration Breakaway PLUS Financing Migrate your legacy collaboration solutions with rates as low as 0%. Cisco Collaboration Breakaway Financing only applies to transactions where the customer has qualified under Cisco’s Collaboration Breakaway Program. July 26, 2014 Brad Blough Remarketing Manager May 2014 © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 18 • In existence since 2001 • Cisco’s authorized division of refurbished equipment • Reside under Cisco Capital organization • New and end of sale Cisco products across all technologies – 2,000+ products • Supply available through Cisco supply chain and lease portfolio • Sold through authorized Cisco resellers and distributors or to direct Cisco customers © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 19 Product Sources Remanufacturing Process Routes to Market • Stock Rotations • Demo Returns • RMA and Trade-Ins • Manufacturing Overruns • Convention / Olympic Returns • End of Sale Inventory • Cancelled Orders • Lab Equipment • Internal • Lease Returns Direct Customers * 85% of CCRE on GPL * © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 20 INSPECT UPGRADE TEST REPAIR CLEAN AND RECONDITION PACKAGE © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 21 Inventory Condition Latest generation products 2,400+ models across all technologies All technologies End-of-Sale products available New • Remanufactured and fully tested to Cisco specs Proprietary product hardware and firmware upgrades (ECOs) applied • Valid IOS software license included Warranty 90 day to limited lifetime Same Support 24 x 7 hardware and software available through Cisco Technical Assistance Center Same Pricing • Cisco GPL • Discount starting at 65% off GPL • Applicable discounts and promotions • No hidden costs • Full • Dynamic, limited inventory • Lead times vary • Short lead times, if product in stock Cisco authorized partners and distributors Same Availability Available Through © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 22 • Products sourced from outside authorized Cisco channels are not guaranteed by Cisco. • These products may have invalid warranties, and definitely have invalid software licenses, no support entitlement, and/or incorrect product configurations. • Cisco is not able to offer support, software updates, hardware replacement or SmartNET coverage on gray market products • Presents a huge business risk to the customer © 2013 Cisco and/or its affiliates. All rights reserved. Tell your customers to verify! www.cisco.com/go/warranty/ www.cisco.com/go/partnerlocator/ Cisco Confidential 23 • Yes, 0% financing available through Cisco Capital through July • Help your Customers: Lower total cost of ownership Reduce financial risk Realize tax savings Simplify operating budgets Make the most of their capital budgets • Work with Remarketing Manager or Cisco Capital Channel Account Manager for assistance © 2013 Cisco and/or its affiliates. All rights reserved. Cisco Confidential 24 Cisco Certified Refurbished Equipment Just like NEW in quality, warranty and support. Order today: www.cisco.com/go/refurbished | Questions: refurbquestions@cisco.com THANK YOU! Recording and slides will be posted on INPEA website. Have additional questions? Contact: AMY HERSHMAN – ahershma@cisco.com